Gia ton hoa sen

ATMs run out of money ahead of Tet Bui The Hien went to a BIDV ATM machine in Ton Duc Thang Street to withdraw cash, but the machine had run out of money. Another resident, Nguyen Thi Quynh Huong, faced a similar problem when an ATM displayed an "out of service" message when she tried to withdraw money several times. There have been several reports of problems with ATMs in the run-up to Tet (Lunar New Year), especially at industrial parks and export processing zones. The newspaper reported that in the Thang Long Industrial Zone, hundreds of workers stood in a long queue in the rain to withdraw money. But many ATMs were out of service. Several ATMs in Ho Tung Mau, Cau Giay, Nguyen Chi Thanh and Huynh Thuc Khang streets were not working. The ATMs often run out of money over the weekend when the banks are closed, leading to questions whether banks should be punished for not attending to the problem. The SBV inspection and monitoring agency has asked commercial banks to ensure smooth … [Read more...] about Social News 4/2

Chemicals company fined for securities fraud
Duc Giang - Lao Cai Chemicals Co was fined VND230 million (US$10,900) for fraud in sales of securities. The State Securities Commission fined the company VND200 million for carrying out a public offering of securities without registering with the commission. The remaining VND30 million in fines was for filing a registration to be a public company 12 months late.
Bao Viet Securities Co sees jump in profits
Bao Viet Securities Co (BVS) reported a profit of over VND55 billion (US$2.6 million) in the second quarter of this year thanks to rocketing incomes from their brokerage operations.
The profits are bright news for the securities firm that posted a loss of about VND26 billion ($1.2 million) for the same period last year.
Total revenue for BVS in the quarter reached VND70.67 billion ($3.3 million), up 47 per cent from the same period last year. Total revenue for the first six months hit VND116 billion ($5.5 million), up 24 per cent, … [Read more...] about BUSINESS IN BRIEF 25/7

Fuel prices up again after straight drops
Fuel wholesalers Friday increased fuel retailing prices for the first time after five consecutive price cuts beginning in May. But this time they raised prices by different amounts as they are now allowed to take the initiative in proposing price adjustments.
Taking effect since 10pm Friday, the increase saw prices of A92 gasoline and diesel oil supplied by Petrolimex, the country's largest fuel wholesaler, rise by VND400 a liter, and kerosene, VND300 a liter.
Meanwhile, PV Oil and Saigon Petro hiked prices of all fuel commodities by VND400 a liter, except for diesel oil.
In brief, A95 gasoline now fetches VND21,500 a liter, A92, VND21,000 a liter, diesel oil, VND20,300 a liter, and kerosene ranges from VND20,150 to VND20,250 a liter, depending on suppliers. (US$1 = VND20,800)
In late June, the Ministry of Finance released a document, stipulating that fuel wholesalers can propose fuel price adjustment through their own initiatives, … [Read more...] about BUSINESS IN BRIEF 23/7